Last time, I explained what Hyperliquid is about and shared their vision for the future. In my opinion, it\u2019s a very promising project, <\/strong>the on-chain data doesn\u2019t lie and shows consistent growth.<\/p>\n There\u2019s still 38% of the token supply reserved for the community<\/strong>, and there\u2019s a high chance that part of it will be distributed through another airdrop<\/strong>. Let\u2019s explore how we can position ourselves by interacting with Hyperliquid.<\/p>\n To be clear\u00a0: there\u2019s no official confirmation<\/strong> from the Hyperliquid Foundation about a second airdrop. However, here\u2019s why I strongly believe one could happen\u00a0:<\/p>\n 38% of the total supply<\/strong> is still reserved for the community\u200a\u2014\u200athat\u2019s nearly $10 billion<\/strong> at the time of writing (318 million tokens \u00d7\u00a0$26.1).The first airdrop<\/strong> was worth about $8 billion<\/strong> and was by far the largest airdrop ever<\/strong>. Even if the next one is smaller, it would still be massive and worth\u00a0chasing.The success of the first airdrop brought Hyperliquid into the spotlight, onboarding millions of users and generating daily trading volume in the millions. The team likely sees it as a success and may want to replicate that for HyperEVM<\/strong>, which was recently launched.There are subtle hints<\/strong>, like the updated points dashboard<\/strong>, even though the program officially ended after the TGE. Maybe the points are now hidden, and Hyperliquid wants to reward real users<\/strong> who kept using the protocol post-launch.<\/p>\n The main product that made Hyperliquid famous is their Decentralized Exchange (DEX)<\/strong>. The first airdrop focused solely\u00a0on:<\/p>\n Trading cryptoGenerating volumeReferrals<\/p>\n Since the TGE, the platform has expanded to include spot trading<\/strong> and HyperEVM<\/strong>.<\/p>\n There are no official criteria for a potential airdrop, so in my opinion, the best strategy<\/strong> is to interact with as many Hyperliquid products as possible<\/strong>.<\/p>\n The trading\/spot platform is very intuitive to use. You just need a wallet (like Rabby Wallet<\/strong>, MetaMask<\/strong>, etc.).<\/p>\n Use my referral code<\/strong> for a 4% fee discount<\/strong> and to support me for free: Once you connect your wallet and enable trading, you can deposit USDC or USDT<\/strong> from Arbitrum, Solana, Ethereum, or Bitcoin chains onto Hyperliquid.<\/p>\n I recommend Arbitrum<\/strong> for lower\u00a0fees.<\/p>\n If you need to bridge funds, I often use Relay<\/strong> (no referral), it\u2019s a great tool for bridging between\u00a0chains.<\/p>\n After depositing, you can either\u00a0:<\/p>\n Trade perpetuals<\/strong> (with leverage)Buy crypto on\u00a0spot<\/strong><\/p>\n To use spot, it works like a separate account<\/strong> from perps. You\u2019ll need to allocate funds to your spot balance, which can be done in one\u00a0click<\/strong>.<\/p>\n Once you have $HYPE, you can\u00a0:<\/p>\n Stake<\/strong> it for an APR around\u00a02.2%<\/strong>Deposit into vaults, <\/strong>either protocol-managed (HLP Vault<\/strong>) or user-created<\/p>\n The HLP Vault<\/strong> is a liquidity pool<\/strong> that powers trading on the Hyperliquid<\/strong> platform. When you deposit funds into the vault, you act as the counterparty to traders<\/strong> (mostly perpetual traders).<\/p>\n In simple terms, you provide the liquidity used in\u00a0trades<\/strong>.<\/p>\n Compared to regular staking depositing into vault can give you higher yield potential, <\/strong>you earn trading fees and take profits when traders\u00a0lose.<\/p>\n But it comes at the risk of losing money if the trader (personal vaults) or the overall traders on Hyperliquid are winning (HLP\u00a0vault).<\/p>\n I\u2019ll be releasing another article soon about HyperEVM<\/strong> and how you can farm\u00a0it<\/strong>.<\/p>\n In the meantime, enjoy exploring the platform and position yourself early for what might be crypto\u2019s next massive\u00a0airdrop<\/strong><\/p>\n As always, thank you for reading\u00a0!<\/strong><\/p>\n Follow me on\u00a0medium<\/a><\/p>\n Follow me on\u00a0Twitter<\/a><\/p>\n Hyperliquid (4% fees discount)\u00a0: <\/strong>https:\/\/app.hyperliquid.xyz\/join\/ASTROBOY13<\/strong><\/a><\/p>\n My favorite Crypto Faucet: Cointiply<\/a> (referral)<\/p>\n Read exclusive articles on publish0x<\/a>, and if you want to support me for free, you can sign in with this\u00a0link<\/a><\/p>\n Disclaimer: This is not financial advice, you need to do your own research\u00a0!<\/em><\/p>\n Hyperliquid Season 2\u00a0: Possibly the Biggest Airdrop in Crypto<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Hyperliquid Season 2\u00a0: Possibly the Biggest Airdrop in\u00a0Crypto Last time, I explained what Hyperliquid is about and shared their vision for the future. In my opinion, it\u2019s a very promising project, the on-chain data doesn\u2019t lie and shows consistent growth. There\u2019s still 38% of the token supply reserved for the community, and there\u2019s a high […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-66841","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66841"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66841"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66841\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Airdrop Season 2\u00a0?<\/h3>\n
The Trading\u00a0Platform<\/h3>\n
Getting Started with Trading &\u00a0Spot<\/h3>\n
https:\/\/app.hyperliquid.xyz\/join\/ASTROBOY13<\/a><\/p>\n